\uD83D\uDCD8 Introduction to Customer Write-Offs using
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Repossession
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Write Off: A customer is lost and the products are no more, recording a repossession with no returned products, feel like these customers are no longer paying us and they are out of the portfolio and the products are lost. |
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Admin
Back Office Management
Bulk Write-Off
Admin
Introduction to Bulk Write-Off
A bulk write-off refers to the process of writing off a significant number of accounts or a large amount of debt in a single transaction. Instead of individually reviewing and approving each write-off case, a bulk write-off is a feature that will allow Bboxx to expedite the process by addressing multiple uncollectible accounts collectively. Here are some key points regarding bulk write-offs:
Why Bulk Write-Off
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Repo VS Write-Off VS OptOut If the customer defaults, we will try to repossess them, and failing that, write them off. In accounting, we will have to write off certain amounts, depending on if the customer is repossessed or written off. OptOut happens when a client choose to stop the agreement intentionally |
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